Contracts of Work The Government seems determined to drive a stake through Contract/Coal Contract of Work holders once and for all. The proposed legislation requires all COW/CCOW holders to be converted into IUPKs (see below) within one year. The period of the IUPKs will be the same as the remaining period under the …

This provision, together with Indonesia's prevailing investment laws, led to the development of a regime that permitted foreign investment in mining through a comprehensive mining concession known as a Contract of Work – CoW (or in the coal sector, a Coal Contract of Work – CCoW) between the Indonesian Government and an Indonesian ...

Oct 03, 2014· The government had been struggling to renegotiate 107 contracts of work, consisting of 73 coal contracts of work (CCoW) and 34 mineral contracts of work, to comply with stipulations in the 2009 Mining Law.

Accordingly, the companies that are most likely to be caught by these provisions would seem to be those that have already had a Production Operation IUP for more than fifth years of production but have no local shareholder, or Contract of Work or Coal Contract of Work (CCOW) holders that have not begun the divestment process.

One of the revisions was the change in the cooperation contract scheme from the so-called Coal Cooperation Contract (CCC or KKB by its Indonesian initials) scheme to the Coal Contract of Work (CCOW) scheme. The CCOW scheme applied to both coal-mining companies operating under the foreign investment (PMA) scheme and those …

The Law on Mineral and Coal Mining (Law No. 4 of 2009, commonly referred to as "Minerba") replaces the previous Mining Law of 1967. The new law does away with the Contract of Work (CoW) and marks the beginning of the permit The timing of the ...

Kideco Jaya Agung, established in 1982, undertakes surface coal mining at a 50,921 hectare concession in Paser Regency, East Kalimantan, Indonesia, where it holds coal mining rights under a first-generation Coal Contract of Work (CCoW) until 2023.

Sep 15, 2011· In working up their mining activities, Lanna Resources has teamed up with Harita Group, the owner of PT Cita Minerals Tbk. Lanna has two major Coal Contract of Work (CCoW) in East Kalimantan, covering more than …

JAKARTA (rambuenergy.com) – Minister for Energy and Mineral Resources Sudirman Said and coal miners on Wednesday (Aug. 5) signed amendments on 10 coal contract of works (CCoWs) also known as (PKP2B). "The signing of 10 amendment of PKP2B is a concrete step in the implementation of the Law Number ...

Sep 27, 2014· Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the government regarding detailed talks on the company' s coal-mining contract of work (CCoW).

Contract of Work (COW) and Coal Contract of Work (CCOW) holders The New Regulation now only requires approval for (i) a work plan and budget (RKAB) and (ii) changes in directors, commissioners and shareholding composition. Arguably, under the New Regulation, a COW/CCOW company might no longer need to obtain MEMR …

CCoW have the status of lex specialis – that is, the contract terms override the general law. For example, the income tax rules that are set out in the For example, the income tax rules that are set out in the

One of the revisions was the change in the cooperation contract scheme from the so-called Coal Cooperation Contract (CCC or KKB by its Indonesian initials) scheme to the Coal Contract of Work (CCOW) scheme.

Adaro MetCoal Companies (AMC) refers to a group of seven companies holding Coal Contract of Work (CCoW) for seven concession areas in Central and East Kalimantan provinces that were entirely acquired by the Adaro Group from BHP Billiton in October 2016. These CCoWs currently constitute 1.27 billion tonnes of premium quality metallurgical coal ...

According to Dr Sukhyra, Director General of Mineral Resources, Coal and Geothermal Affairs, Coal Contract of Work (CCoW) conditions are being renegotiated in the fields of total area of work, operation continuity, state revenue processing and purification, divestment obligations, obligation to use domestic goods and services. The new contracts ...

Coal contract of work (CCOW) holders are mainly major Indonesian miners that produce about 70% of Indonesia's coal production, while Izin Usaha Pertambangan (IUP) holders are producers operating relatively small mines.

Coal Contracts of Work ("CCoWs") issued under the pre-2009 mining regime, as well as holders of Mining Business Licences (Izin Usaha Pertambangan, or "IUPs") issued under the new regime. Issues include: • the protracted CoW/CCoW renegotiation process; • the demands of in-country processing/refining requirements (and the related 2014 ban on …

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